PSK vs. FLEH
Compare and contrast key facts about SPDR ICE Preferred Securities ETF (PSK) and Franklin FTSE Europe Hedged ETF (FLEH).
PSK and FLEH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSK is a passively managed fund by State Street that tracks the performance of the PSK-US - ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index. It was launched on Sep 16, 2009. FLEH is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Developed Europe RIC Capped Index. It was launched on Nov 2, 2017. Both PSK and FLEH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSK or FLEH.
Key characteristics
| PSK | FLEH |
|---|
Correlation
The correlation between PSK and FLEH is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PSK vs. FLEH - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PSK vs. FLEH - Expense Ratio Comparison
PSK has a 0.45% expense ratio, which is higher than FLEH's 0.09% expense ratio.
Risk-Adjusted Performance
PSK vs. FLEH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ICE Preferred Securities ETF (PSK) and Franklin FTSE Europe Hedged ETF (FLEH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PSK vs. FLEH - Dividend Comparison
PSK's dividend yield for the trailing twelve months is around 6.24%, while FLEH has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSK SPDR ICE Preferred Securities ETF | 6.24% | 6.44% | 6.55% | 5.03% | 5.49% | 5.44% | 6.47% | 6.91% | 5.92% | 5.35% | 5.65% | 7.73% |
FLEH Franklin FTSE Europe Hedged ETF | 3.68% | 3.25% | 1.84% | 3.03% | 1.94% | 6.06% | 12.17% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSK vs. FLEH - Drawdown Comparison
Volatility
PSK vs. FLEH - Volatility Comparison
SPDR ICE Preferred Securities ETF (PSK) has a higher volatility of 3.07% compared to Franklin FTSE Europe Hedged ETF (FLEH) at 0.00%. This indicates that PSK's price experiences larger fluctuations and is considered to be riskier than FLEH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.